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Mar 26, 2013
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. >>> chinese president is in south africa to attend the summit of the brics emerging economies. xi jinping wants the chinese government to enhance ties to compete with the u.s. and other industrialized countries. this will be the first time president xi will participate in an international meeting since he took office earlier this month. the two-day summit begins on tuesday in durbin. brics is made up of brazil, russia, india, china, and south africa. the leaders are expected to discuss how rising commodities and grain prices are affecting emerging countries. also on the agenda is an agreement among the brics members to provide each other with foreign currencies. they want to protect their economies from the impact of global financial turmoil. >>> china has been increasing its presence in africa. the country has come to rely on the continent for trade and for natural resources. nhk world has more. >> reporter: the chinese have historical ties with a number of african nations. after world war ii they supported countries that were fighting for independence. they gave a modest amou
. >>> chinese president is in south africa to attend the summit of the brics emerging economies. xi jinping wants the chinese government to enhance ties to compete with the u.s. and other industrialized countries. this will be the first time president xi will participate in an international meeting since he took office earlier this month. the two-day summit begins on tuesday in durbin. brics is made up of brazil, russia, india, china, and south africa. the leaders are expected to...
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Mar 21, 2013
03/13
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KCSM
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they will continue to support the gradual recovery in the economy until there's clear sign of improvement. the decision was made at a two-day policy meeting that ended on wednesday. they said the u.s. committee is growing moderately. they pointed to continued improvement in the housing market and a rise in household spending and corporate capital investment. the unemployment rate remains high at the upper 7% level. they warned against a fiscal policy stemming from mandatory stemming cuts. fed officials say the bank will continue to eject funds into the market giving these challenges. they are doing this by buying $85 billion worth of mortgage backed security and long term government bonds each month. they will maintain a near 0% interest rate policy. some federal reserve officials have expressed concern. that month of asset purchases could disrupt markets and bring about higher prices. in a news conference about the second day of the policy board meeting ben bernanke said those risks can be contained. >> the committee considered risks to financial stability. it will lead some to take on e
they will continue to support the gradual recovery in the economy until there's clear sign of improvement. the decision was made at a two-day policy meeting that ended on wednesday. they said the u.s. committee is growing moderately. they pointed to continued improvement in the housing market and a rise in household spending and corporate capital investment. the unemployment rate remains high at the upper 7% level. they warned against a fiscal policy stemming from mandatory stemming cuts. fed...
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Mar 21, 2013
03/13
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KRCB
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they will continue to support the gradual recovery in the economy until there's clear sign of improvement. the decision was made at a two-day policy meeting that ended on wednesday. they said the u.s. committee is growing moderately. they pointed to continued improvement in the housing market and a rise in household spending and corporate capital investment. the unemployment rate remains high at the upper 7% level. they warned against a fiscal policy stemming from mandatory stemming cuts. fed officials say the bank will continue to eject funds into the market giving these challenges. they are doing this by buying $85 billion worth of mortgage backed security and long term government bonds each month. they will maintain a near 0% interest rate policy. some federal reserve officials have expressed concern. that month of asset purchases could disrupt markets and bring about higher prices. in a news conference about the second day of the policy board meeting ben bernanke said those risks can be contained. >> the committee considered risks toinancial stability. it will lead some to take on exc
they will continue to support the gradual recovery in the economy until there's clear sign of improvement. the decision was made at a two-day policy meeting that ended on wednesday. they said the u.s. committee is growing moderately. they pointed to continued improvement in the housing market and a rise in household spending and corporate capital investment. the unemployment rate remains high at the upper 7% level. they warned against a fiscal policy stemming from mandatory stemming cuts. fed...
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Mar 26, 2013
03/13
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LINKTV
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south of africa hosting a summit from the world's leading emerging economies. china roaring back to the no. 1 spot. --it feels good right now tireder roaring back. i was crawling from iphone of all the people who have textrted name with all the messages that say thank you. >> we begin meant breaking news out of cyprus. ward is commander that the chairman of the bank of cyprus has submitted his resignation. we're going to go straight to one of our correspondents about this, john, what can you tell us? are we talking central bank or one of the commercial banks? the governor of the biggest commercial bank in cyprus, the bank of cyprus, not the central bank. -- >> this is the governor of the biggest central commercial bank. he is reported to be saying that the refinancing and restructuring plan that the bank of cyprus, which was to absorber much of the deposits of the bank, the one here behind me, that is to be wound up. he said the plan was concocted a long time ago, not in the last few days, not in consultation with the board of directors. he seems to be saying n
south of africa hosting a summit from the world's leading emerging economies. china roaring back to the no. 1 spot. --it feels good right now tireder roaring back. i was crawling from iphone of all the people who have textrted name with all the messages that say thank you. >> we begin meant breaking news out of cyprus. ward is commander that the chairman of the bank of cyprus has submitted his resignation. we're going to go straight to one of our correspondents about this, john, what can...
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Mar 24, 2013
03/13
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CSPAN
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and will soon be one of the world's largest economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and inagrees foreign direct investment. reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all lift india's ranking and spur business growth in a way that has been missing thus far. largelyia's economy is based on global supply chains, it is absolutely critical for india to enact reforms and liberalize its economy, to tap into this regional market. this is how india anchors itself in the asia-pacific region and we should do what we can to help leverage those reforms inside india. that is why i believe the administration must redouble its efforts to secure a u.s.india bilateral investment treaty. current negotiations are proceeding far too slowly. there are important issues to resolve and it's going to take a concerted effort to make progress, but once the b.i.t. is firmly in p
and will soon be one of the world's largest economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and inagrees foreign direct investment. reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all lift india's ranking and spur business growth in a way that has been missing thus far. largelyia's economy is based on global supply...
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Mar 25, 2013
03/13
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KCSMMHZ
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the group of emerging economies includes the host nation, brazil, india, russia and china. >>> xi jinping's nine-day diplomatic tour started off last friday in russia. before he arrived chinese media say government officials secured china's biggest arms deal with russia in a decade. the purchase is worth about $3 billion and is expected to include 24 fighters jets and four submarines. president xi and president vladimir putin agreed during their meeting to strengthen military exchanges and cooperation. china and russia are expected to announce further cooperation in developing military technology such as surface-to-air missile and aerial tankers. chinese defense ministry representatives say their military relationship with russia is not directed at any third country. but the weapons deal comes as china remains locked in a dispute with neighboring nations over territory in the east china sea and the south china sea. chinese leaders are expanding their military budget. the country's defense spending has surged nearly fourfold in the past decade. >>> populous, prosperous, pushing ahead. china'
the group of emerging economies includes the host nation, brazil, india, russia and china. >>> xi jinping's nine-day diplomatic tour started off last friday in russia. before he arrived chinese media say government officials secured china's biggest arms deal with russia in a decade. the purchase is worth about $3 billion and is expected to include 24 fighters jets and four submarines. president xi and president vladimir putin agreed during their meeting to strengthen military exchanges...
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Mar 26, 2013
03/13
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KCSM
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economy shows signs of vitality. here in japan the japanese government beginning steps to implement major changes after decades of inflation. concerns are coming from europe and affecting global markets. let's see how we're opening up here. the markets this time yesterday got a big boost. we did see the euro surge. the relief seems to be short lived as we're seeing in the opening levels. the rescue deal for cyprus could serve as a template for other european countries with strug e struggling banks. that comment really heightens some of the worries in global markets that the deal that was made may result in more problems down the road. now a bit of a negative reaction here in tokyo. we also might see which is a bit of a worry is a return to safer assets by investors including the yen. >> many investors watching the yen's movement. the japanese currency has been on a major weakening trend. where do we stand this tuesday morning? >> that's a big focus. you mentioned the moves by prime minister abe. let's look at some of
economy shows signs of vitality. here in japan the japanese government beginning steps to implement major changes after decades of inflation. concerns are coming from europe and affecting global markets. let's see how we're opening up here. the markets this time yesterday got a big boost. we did see the euro surge. the relief seems to be short lived as we're seeing in the opening levels. the rescue deal for cyprus could serve as a template for other european countries with strug e struggling...
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Mar 26, 2013
03/13
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KRCB
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economy shows signs of vitality. here in japan the japanese government beginning steps to implement major changes after decades of inflation. concerns are coming from europe and affecting global markets. let's see how we're opening up here. the markets this time yesterday got a big boost. we did see the euro surge. the relief seems to be short lived as we're seeing in the opening lels. the rescue deal for cyprus could serve as a template for other european countries with strug e struggling banks. that comment really heightens some of the worries in global markets that the deal that was made may result in more problems down the road. now a bit of a negative reaction here in tokyo. we also might see which is a bit of a worry is a return to safer assets by investors including the yen. >> many investors watching the yen's movement. the japanese currency has been on a major weakening trend. where do we stand this tuesday morning? >> that's a big focus. you mentioned the moves by prime minister abe. let's look at some of t
economy shows signs of vitality. here in japan the japanese government beginning steps to implement major changes after decades of inflation. concerns are coming from europe and affecting global markets. let's see how we're opening up here. the markets this time yesterday got a big boost. we did see the euro surge. the relief seems to be short lived as we're seeing in the opening lels. the rescue deal for cyprus could serve as a template for other european countries with strug e struggling...
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Mar 21, 2013
03/13
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FBC
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we'll keep a close eye on all the developments and the president's trip and whether this economy is going to go up. tomorrow, a look at numbers you don't really quite see all the time that might beg that issue.y ♪ here's gerri willis. >> good evening, everybody. tonight, a cyberattack paralyzes banks an media companies in south korea. who is behind it? could it happen here? also, putting the brakes on high frequency traders. are they breaking the law and stealing your money? a new policy from one of the country's biggest companies. tell us your weight and body fat or face a fine. "the willis reprt" is on the case. >> all that and more, but first, a top story, a warning for you and your money, a big cybersecurity threat could be headed our way, at least two major banks and three television networks in south korea reporting their computer networks crashed. officials there speculate it was all at the hands of sib terrorists from north korea. many bank customers were unable to use debit or credit cards. imagine that, atms shut down for hours. the invesgation ongoing at this time, but a big
we'll keep a close eye on all the developments and the president's trip and whether this economy is going to go up. tomorrow, a look at numbers you don't really quite see all the time that might beg that issue.y ♪ here's gerri willis. >> good evening, everybody. tonight, a cyberattack paralyzes banks an media companies in south korea. who is behind it? could it happen here? also, putting the brakes on high frequency traders. are they breaking the law and stealing your money? a new...
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Mar 24, 2013
03/13
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CNNW
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if the economy gets stronger interest rates will go up but also if the economy gets stronger we will have more revenue and then i start to become a deficit hog. by no means am i saying we have to stay in this expansion mode under all reasons. the idea that we will be facing higher rates is belied by history. look at japan. they have been running deficits twice the debt burden that we have. still low interest rates. it's not a story that you should place a lot of weight on. by the way, the projections right now, about what the interest burden on the federal budget will be in the year 2023, they say it will be as high as it was in 1991, 1992. we actually had interest payments over 3% of gdp under bush one and then came way down. so when people say look at the scary numbers about rising interest payments, the scenario we are supposed to be afraid of are the things going back to the way they were 20 years ago which doesn't seem all that scary. >> let's look at. that we have a chart with precisely that. this is the net interest payments and this is assuming fairly modest rate increases. w
if the economy gets stronger interest rates will go up but also if the economy gets stronger we will have more revenue and then i start to become a deficit hog. by no means am i saying we have to stay in this expansion mode under all reasons. the idea that we will be facing higher rates is belied by history. look at japan. they have been running deficits twice the debt burden that we have. still low interest rates. it's not a story that you should place a lot of weight on. by the way, the...
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Mar 20, 2013
03/13
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officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday is when the banks open up. in the back channels with russia on financial support, so it seems they're hoping they can find a stopgap. >> shepard: what i didn't understand was the real problem with this situation in spy russ is the russians, who have been laundering money, have stashed so much money in the banks, the banks are bigger than the economy in the country. so they could have taxed it at 13%. they have, like our federal deposit insurance company, they have guarantees up to 100,000 euros. why not tax problem kids and not every day folks. >> it could come to that. the vote that failed was above 20,000 eur
officials are trying to find a new way to keep their own economy afloat after the parliament rejected a bailout that would have taxed its own citizens' bank accounts. the banks are closed the rest of the week. >>> where are we with this situation? >> in a standstill when it comes to cyprus. the parliament is betting the european union and central bank will not cut them off for -- not going through with the plan to tax deposits. they have almost a week to negotiate. next tuesday...
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Mar 20, 2013
03/13
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to new cures, harness new energy and have helped transform us in the high-tech homes of our global economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and floods come, our doctors and rest was reached out to help. when people are suffering, from africa to asia, we partnered to fight disease and overcome hunger. piecend together because must come to the holy land. for even as we are clear-eyed about the difficulties we never lose sight of the vision of israel at peace with its neighbors. so, as i began this is it let me say as clearly as we can, the united states of america stands with the state of israel because it is in our fundamental national security interests, it makes us both stronger, it makes us both a more prosperous, and it makes the world a better place. that is why -- [applause] the united states it was the very first nation to recognize the state of israel 65 years ago. that is why the star of david and the stars and stripes flying together today. that is why i am confident in declaring that our al
to new cures, harness new energy and have helped transform us in the high-tech homes of our global economy. we stand together because we share a commitment to helping our fellow human beings around the world. when the earth shakes and floods come, our doctors and rest was reached out to help. when people are suffering, from africa to asia, we partnered to fight disease and overcome hunger. piecend together because must come to the holy land. for even as we are clear-eyed about the difficulties...
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Mar 21, 2013
03/13
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. >>> so just where is the economy headed? according to ben bernanke, the economy is improving, however, interest rates will stay low for now and until unemployment falls below 6.5%. >>> more economic clues today from nike after the bell investors will be looking at the global retailer's future orders. china trends and gross margins for a read on consumer demand in china and here at home. >>> expectations are climbing for this morning's february existing home sales numbers which are seen coming in higher than january. >>> and cash strapped cyprus, banks are still closed and late night meetings broke up with no new plan b to fund the island's much needed bailout. >>> closer to home, cvs is weighing in on the policy requiring employees to record their weight and body fat or face a health insurance premium. all data collected during health screenings is private. >>> fans of starbucks will be happy to know that beginning in may they can also rack up rewards points with packaged coffee purchases at grocery and drug stores. >>> mean
. >>> so just where is the economy headed? according to ben bernanke, the economy is improving, however, interest rates will stay low for now and until unemployment falls below 6.5%. >>> more economic clues today from nike after the bell investors will be looking at the global retailer's future orders. china trends and gross margins for a read on consumer demand in china and here at home. >>> expectations are climbing for this morning's february existing home sales...
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Mar 25, 2013
03/13
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CSPAN
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where it -- when you think about where afghanistan is in the state of the economy, when you think about other countries in the past, very few have had 70 countries come together, 52 pledge the blood of their precious children, others to put their economies and political viability of a line on behalf of afghanistan, and not just do it for a short time but to do it over a decade and to sign up for a decade of transformation, many of the countries, japan and korea are examples, many have pledged that kind of support for a very long time. the afghan people will never forget that. i couldn't tell you because i have seen the work of your countries, those countries that work and i have seen the afghan appreciation and the mothers who have benefited from this moved to tears when they think about all of it -- all that has come to the children and women of afghanistan. as my own by saying career comes to a close shortly, it has been the greatest honor of my life to forces. anded isaf it started out at 149,000 and in the bed where it was. 561yday i think about the coalition troops who were killed
where it -- when you think about where afghanistan is in the state of the economy, when you think about other countries in the past, very few have had 70 countries come together, 52 pledge the blood of their precious children, others to put their economies and political viability of a line on behalf of afghanistan, and not just do it for a short time but to do it over a decade and to sign up for a decade of transformation, many of the countries, japan and korea are examples, many have pledged...
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Mar 21, 2013
03/13
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and there's knockoff effects on the economy. so the key for trying to get a handle on this issue, learn from the mistakes as eastern europe and the united states over the last hundred years or so and begin to put a serious curb on these types of emissions because it's having a major impact on the harmony of china. >> so it's one thing to impact the health of the chinese people, but how might china pollution problems really affect the rest of the world? >> well, of course, fredricka, china has been a really important economic driver here in the global economic scale especially over the last few years of the economic slump in the west. and when you look at this unrest and the riots that are happening, when you look at the impact on health care and the cost to the chinese government, there's a very real impact on the economy of china as a whole. and that certainly impacts the rest of us as the world. from an environmental perspective too smog and particlats that originate in china can be found on the beaches of the bahama and the a
and there's knockoff effects on the economy. so the key for trying to get a handle on this issue, learn from the mistakes as eastern europe and the united states over the last hundred years or so and begin to put a serious curb on these types of emissions because it's having a major impact on the harmony of china. >> so it's one thing to impact the health of the chinese people, but how might china pollution problems really affect the rest of the world? >> well, of course, fredricka,...
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Mar 20, 2013
03/13
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FBC
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. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, finite possibilities. >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, another record day for your 401(k). the dow hitting another all time high up 56 points, and the s&p and nasdaq ending the day in green territory. good news, but we have bad news. head's up investors, high frequency trade firms could put you and trades at a big disadvantage. it's a wash trade. when traders acted legally as the buyer and seller for the same transaction driving volumes and distorting prices. the cftc on the case. we have details of the investigation and what it means to you. bart, great to have you on the show. thanks so much for coming on. explain the wash trades. what are they? why are they eel lisle? >> well, you explained it well, gerri. it's actually when you offer to buy and you sell at the same time. you just cancel each other out. you are not taking risks in the markets, and it creates a false volume, and there's all sorts of fancy terms for w
. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, finite possibilities. >>> from our fox business studios in new york, here, again, is gerri willis. gerri: well, another record day for your 401(k). the dow hitting another all time high up 56 points, and the s&p and nasdaq ending the day in green territory. good news, but we have bad news. head's up investors, high frequency trade firms could put you and trades at a big...
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Mar 25, 2013
03/13
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CSPAN2
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so there's an enormously negative impact on global economy immediately, particularly in asia for which neither the japanese, nor the chinese will be particularly grateful to us. but also push the europeans much more into the hands of the russians. and then every adjoining area next to iran is susceptible to local war which used to be called in the communist lexicon people's war. i once had a meeting with xiaoping in which he informed us that he's going to invade vietnam, and he wanted us to be sort of passively friendly expecting soviet reactions. he was asked what is the likely soviet reaction by the president of the united states. and he sort of breezily said, well, you know, they may do this, they may do that, they may send arms, that will take a long time because we're not going to be doing it for a long time, they may stage border incidents, we have add lots of them, so we can have a few more, so what? and then he says they may invade us from mongolia where they have 22 armored divisions and strike southward towards beijing directly. and he says we will use people's war on them. a
so there's an enormously negative impact on global economy immediately, particularly in asia for which neither the japanese, nor the chinese will be particularly grateful to us. but also push the europeans much more into the hands of the russians. and then every adjoining area next to iran is susceptible to local war which used to be called in the communist lexicon people's war. i once had a meeting with xiaoping in which he informed us that he's going to invade vietnam, and he wanted us to be...
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Mar 26, 2013
03/13
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FOXNEWSW
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austerity moves could be the slower economy, an increase in unemployment. folks were also marching on the central bank and we were there with them. people are worried about their money. they're concerned, as are many people elsewhere, about the controversial approached uses in the bailout, to seize assets from private bank accounts to help pay for a government rescue. today europeandown union officials claimed this tactic was unique. analysts are not sure about that. uncertainty again in the noble economy. >> shepard: adc cop has a lot of explaining to do. a thief made off with his police cruiser before he noticed it. the joy ride didn't last long. the suspect crashed a block away and ran off. officials say the officer had left the engine running while investigating a call. the officer will now face discipline, and he is a veteran who used to work in the auto theft unit. >>> new pictures of north korea's leader, kim jong-un, kim the younger, seems to be looking at something. that's what they do all the details on just what the rogue leader is examining, at
austerity moves could be the slower economy, an increase in unemployment. folks were also marching on the central bank and we were there with them. people are worried about their money. they're concerned, as are many people elsewhere, about the controversial approached uses in the bailout, to seize assets from private bank accounts to help pay for a government rescue. today europeandown union officials claimed this tactic was unique. analysts are not sure about that. uncertainty again in the...
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happening to the global economy. building. mission to teach me. why you should. only. news continues here on a new powerful institution the brics joint development bank is it to emerge on the international financial arena that says the fifth annual summit of the world's fastest emerging economies is kicked off in south africa the leaders of brazil russia china india and the host nation this year are joined by egypt's president morsi who's hoping to book a place in the club on to europe is going to is in the. three apart to underestimate the importance and the potential off the brics nations first of all the combine population all the five states nearly three billion people can understand the potential in that also the average g.d.p. growth last year was four percent while in the g seven it was around it was last than one percent and so while there is big for tension there is big ambition and very similar positions on international affairs russia and china and the un security council but what the key idea of this organization is is that it's not in opposition to other i
happening to the global economy. building. mission to teach me. why you should. only. news continues here on a new powerful institution the brics joint development bank is it to emerge on the international financial arena that says the fifth annual summit of the world's fastest emerging economies is kicked off in south africa the leaders of brazil russia china india and the host nation this year are joined by egypt's president morsi who's hoping to book a place in the club on to europe is going...
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Mar 23, 2013
03/13
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CSPAN
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they cannot create a thriving economy. and that's going to be a central challenge, not just in syria but across the region. the united states, i think, has something to say about that because part of what makes us a super power because we have people from every walks of life and every religion and if they are willing to work hard they can success. that has to be more consistently spoken about. not just with respect to the syria situation but the moment of promise and danger in the arab world in north africa. >> thank you, mr. president. of mentioned the aftermath the assad regime. there's a lot of concern that the upheaval is creating extremism. how concerned are you that extremist could take over in syria and, perhaps worse than assad? usas hoping you could give an insight on how you brokered the call to netanyahu. and you have offered asylum that he rejected and does that offer still stand? thank you. >> well, i'm very concerned about syria becoming a place for extremists because extremists thrive in chaos. they thrive i
they cannot create a thriving economy. and that's going to be a central challenge, not just in syria but across the region. the united states, i think, has something to say about that because part of what makes us a super power because we have people from every walks of life and every religion and if they are willing to work hard they can success. that has to be more consistently spoken about. not just with respect to the syria situation but the moment of promise and danger in the arab world in...
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Mar 21, 2013
03/13
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KRON
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stocks were up yesterday as the federal reserve stood by its plan to boost the economy. off here is a look at the closing numbers. the dow was up 56 points. it briefly traded at an all- time high today. the nasdaq rose 25 points. the s&p was up by 10 points. >> youtube says that more than 1 billion people are now visiting its online video site each month to watch everything from clips of contents to scenes of social unrest from the world. the milestone was announced yesterday and marks another step in youtubes evolution from a startup that was launched in 2005 to one of the most in florence to forces in today's media. youtube hits the billion mark of five months after facebook said that is on my social network reached that figure for the first time. google purchased youtube back in 2006 from $1.7 billion. when the video side had an estimated 50 million users worldwide. >> the guy who has bought silicon valley startup "jybe " so it can bring back five of their former engineers to help the internet company build better mobile applications. " tojybe " is a mobile service th
stocks were up yesterday as the federal reserve stood by its plan to boost the economy. off here is a look at the closing numbers. the dow was up 56 points. it briefly traded at an all- time high today. the nasdaq rose 25 points. the s&p was up by 10 points. >> youtube says that more than 1 billion people are now visiting its online video site each month to watch everything from clips of contents to scenes of social unrest from the world. the milestone was announced yesterday and...
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Mar 26, 2013
03/13
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FBC
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economy, they will go where they need to go. if governor period texas can't attract business and is good for texas and good for period sounds like a short-term bribe. >> you could always wonder if what you did for samsung do for us. >> this creates a cycle that you could call this extortion if you try to seek a better deal to get concessions where you are. but mark my words sam stone -- samsung is thing they are it is a benefit to be in silicon valley a huge pipeline of future talent. neil: but that is the issue. people are leaving. >> not as huge but mark my words this is their attempt to make business bottom line a little bit friendlier for staying in they are extorting the city of san jose and others will follow suit. >> extortion? it is of serious point* but they probably don't have the money. that is what happens to the cities that do that -- to this especially in california, it hurts the city. they come back with services but to the point* that as a shareholder i want to do what is best for the country and in order of prof
economy, they will go where they need to go. if governor period texas can't attract business and is good for texas and good for period sounds like a short-term bribe. >> you could always wonder if what you did for samsung do for us. >> this creates a cycle that you could call this extortion if you try to seek a better deal to get concessions where you are. but mark my words sam stone -- samsung is thing they are it is a benefit to be in silicon valley a huge pipeline of future...
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to the global economy. news live from moscow this is artsy at the world's giant emerging economies are gathering in south africa looking to reshape their brics organization the leaders of brazil russia china india and of course the host nation are all at the summit with egypt's president morsi he said to attendees are hoping it's a joining the bloc in the not to use it just in future reporting now auntie's election reporting alternately on the expectations for strengthening the group. since its inception in two thousand and nine many have been wondering what brics is all about a symbol of growing global multiple lera tea or a counterweight to the e.u. and nato the leaders of the member states have been cautiously downplaying its role saying this alliance is purely economic and exists mostly on verbal agreements officially it's not even a legally bound international organization the greeks leaders are only now contemplating setting up headquarters in one of the capitals but just look at every brics country s
to the global economy. news live from moscow this is artsy at the world's giant emerging economies are gathering in south africa looking to reshape their brics organization the leaders of brazil russia china india and of course the host nation are all at the summit with egypt's president morsi he said to attendees are hoping it's a joining the bloc in the not to use it just in future reporting now auntie's election reporting alternately on the expectations for strengthening the group. since its...
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and indeed even those economies spain france which really fragile at the moment but big economies i mean if if the investors are sort of pulling money out of those countries that is significant in that there is a huge probability that it might actually start to happen because we have opened pandora's box right now and we can shut the lid on this now the cyprus tax levy is a major blow to russian depositors who are thought to have around twenty billion euros in corporate and private accounts in cyprus banks despite this president putin support of the rescue package ordering to restructure an existing two point five billion russian loan but it was accompanied by some sharp criticism from russia's prime minister my colleague spoke with r.t. news editor ivor crotty about the depth and the ramifications of the cyprus problem . prime minister medvedev last week used the term expropriation which was a reference to what the the bolsheviks did in the past he today has followed up that statement with with a statement saying basically the stealing of what has already been stolen continues and that'
and indeed even those economies spain france which really fragile at the moment but big economies i mean if if the investors are sort of pulling money out of those countries that is significant in that there is a huge probability that it might actually start to happen because we have opened pandora's box right now and we can shut the lid on this now the cyprus tax levy is a major blow to russian depositors who are thought to have around twenty billion euros in corporate and private accounts in...
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Mar 26, 2013
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the economy in cyprus, is going to continueo drop. 10 to 20% is likely. this is a country thatas glowerrishing before -- fluorishing before i joined eurozone, but now cyprus is taking a hair cut forreece, and greece for cyprus, and the troika is coming in to help. you cannot just jump out at this time. yet there is no room for nail failure, they are not printing more money, they will severe draconian measured. severe austerity, one country at a time, in the meantime people are weeping, imagine everything you have known to b true, is not true any more. neil: if you think about it, ty. you are a big investor, and world renounce, a lot of folks in europe, their bank acount is everything, their savings are there their vestments are in glorifies pass book savings account, that is it. so a trust has been broken to say nothing of the trust in european club, to keep it going. i think when you let people down, when you scare them, when you break a trust of confidence it is really katie bar the door, isn't it? >> i don't think there is any question about that when
the economy in cyprus, is going to continueo drop. 10 to 20% is likely. this is a country thatas glowerrishing before -- fluorishing before i joined eurozone, but now cyprus is taking a hair cut forreece, and greece for cyprus, and the troika is coming in to help. you cannot just jump out at this time. yet there is no room for nail failure, they are not printing more money, they will severe draconian measured. severe austerity, one country at a time, in the meantime people are weeping, imagine...
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well everyone wants a piece of what valorise has to offer in terms of the economy they didn't like me taking a stand and so they started calling me all sorts of things next we don't privatized everything and some are unhappy about that we are a welfare state with a strong social policy the social and economic policies i pursue you are very different from what the west would want us to have next we do have a rigorous political system when power is defied between entities like the parliament and the government the president ends up with no power and it's easy then to know what happens in the state you can state fights and conflicts this backlash on the people behind all this you can lay your hands on some valuable assets through privatizing before anyone knows it so they don't like it that they can do it for freedom of speech is another such things but that can't be serious how is it even possible not to have them with all the modern media around us and there is also the internet our analysts have calculated fifty one percent of our active population are active internet users how can i
well everyone wants a piece of what valorise has to offer in terms of the economy they didn't like me taking a stand and so they started calling me all sorts of things next we don't privatized everything and some are unhappy about that we are a welfare state with a strong social policy the social and economic policies i pursue you are very different from what the west would want us to have next we do have a rigorous political system when power is defied between entities like the parliament and...
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spring from which really fragile at the moment but big economies i mean if if the investors are sort of pulling money out of those countries that is significant in that there is a huge probability that it might actually start to happen because we have opened pandora's box right now and we can shut the lid on this now. well it's a big story and we love it when you get involved with the big ones here at odds he would like to know what you think about the ongoing situation in cyprus you just have to want to talk calm of course our web site you can participate in our latest on going world wide poll and today we're asking you what is next for cyprus now that the bail out is well more or less sealed as for now the numbers now for this hour from home and here they are now we're looking at what the majority of them will nearly forty percent now saying they'll be a total collapse of trust in the banks if that hasn't happened already and now just just over a third predicting that other countries are next in line for a similar bailout deal down to about a fifth thinking the terms of the rescue
spring from which really fragile at the moment but big economies i mean if if the investors are sort of pulling money out of those countries that is significant in that there is a huge probability that it might actually start to happen because we have opened pandora's box right now and we can shut the lid on this now. well it's a big story and we love it when you get involved with the big ones here at odds he would like to know what you think about the ongoing situation in cyprus you just have...
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Mar 20, 2013
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economy. the u.s. economy looks like it is although slow growth, no growth, due to better than the world economy. lori: dimensioned ground over air is a choice. the surge in online shopping and so many of these retailers offering free shipping, would you think that would help to offset the disappointing earnings report for this quarter? >> absolutely. that is one of the things that disappointed us. it is a cooperation with the post office, we knew the ground business was doing very well, the parcels of the business, but would be expected to do better was the domestic express business because we saw in the end of february and december was interesting because christmas came on a tuesday and so on friday before christmas the 21st we saw a number of high-end retailers, saks fifth avenue, you name it, all offering free shipping, express shipping if you clicked before noon on friday. the good news is that led to a surge in business turn a negative business on volume last quarter into a positive this
economy. the u.s. economy looks like it is although slow growth, no growth, due to better than the world economy. lori: dimensioned ground over air is a choice. the surge in online shopping and so many of these retailers offering free shipping, would you think that would help to offset the disappointing earnings report for this quarter? >> absolutely. that is one of the things that disappointed us. it is a cooperation with the post office, we knew the ground business was doing very well,...
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Mar 23, 2013
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they think government should make investment and ground the economy. host: bob from idaho on our line for democrats, good morning. caller: our garment has to change. -- our government has to change. earnmakrs is against our constitution. we have to go to a clean system with a thumb print that will protect people. we need to do something with a house and the states to control their own housing with better schools and better teachers, thank you. guest: the school issue has up a lot. how to regulate and fund schools? they are talking about block grants on medicaid which helps people. beings something still debated as to what role the fed vs. the state plays. host: has been talk in the news recently about closing schools in chicago and detroit. is there anything in the continuing resolution that would help keep the schools open? guest: the schools are dealing with different problems and i saw the sequestered, really affecting schools on military bases and in tribal lands and poor areas. they are having their own problems like chicago and detroit. it is com
they think government should make investment and ground the economy. host: bob from idaho on our line for democrats, good morning. caller: our garment has to change. -- our government has to change. earnmakrs is against our constitution. we have to go to a clean system with a thumb print that will protect people. we need to do something with a house and the states to control their own housing with better schools and better teachers, thank you. guest: the school issue has up a lot. how to...
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leaders of the world's major developing economies look to strengthen the global influence of the brics group endorsing plans to create a joint bank at this time in south africa. thanks so much for joining us here today. live in moscow with your news from around the world cypriots have been actually waiting for banks to reopen on tuesday but their doors remain closed all banks on the island will stay shut until. capital flows will be temporarily restricted as a last ditch bailout deal may be hailed as a relief by the government and the e.u. but well it's certainly no comfort for people struggling to try and withdraw money reporting from the. is that at the heart of the deal that cyprus sealed with its international creditors to get that ten billion euro bailout it needs and what will happen to this back essentially is it will be split into pieces and people with deposits of more than one hundred thousand euros that are uninsured will have to take a huge here a lost whatever money they have here and many cypriots for the past week have begun to motional rollercoaster wondering what is go
leaders of the world's major developing economies look to strengthen the global influence of the brics group endorsing plans to create a joint bank at this time in south africa. thanks so much for joining us here today. live in moscow with your news from around the world cypriots have been actually waiting for banks to reopen on tuesday but their doors remain closed all banks on the island will stay shut until. capital flows will be temporarily restricted as a last ditch bailout deal may be...
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east german government was desperate to earn hard currency to keep its command economy afloat. an attorney who represents claimants' of lost works of art knows his adversaries often prove less than cooperative. he has to fight tooth and nail for every picture and every piece of porcelain. >> the problem with the collectors dispossessed after 1949 is that entire livelihood's were wiped out. many victims were incarcerated for years and left ith nothing. for many, these works of art were their lives. people literally went over dead bodies to get their hands on these things. >> the collection has 18 months of breathing space. although in the museum world, that translates into a last- minute matter. if no agreement is reached, the duchess might set up her own museum. >> we have a few potential ideas for the future, but that would not mean me leaving forever. my family and i feel at home here. plus, i've done some new investing, so i will never say it is over for me and never coming back. >> if it turns out that museums will have nothing left to exhibit, the city will definitely be t
east german government was desperate to earn hard currency to keep its command economy afloat. an attorney who represents claimants' of lost works of art knows his adversaries often prove less than cooperative. he has to fight tooth and nail for every picture and every piece of porcelain. >> the problem with the collectors dispossessed after 1949 is that entire livelihood's were wiped out. many victims were incarcerated for years and left ith nothing. for many, these works of art were...
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poor the obvious that launched in the regions that's these economies themselves so it's. so much much. smaller it's a really dire to school project position at this stage and i think the president mercy's templates it is more probably an attempt castle to egypt if serious it. will leave it there thank you very much and if your thoughts live from on the military thank you. the u.s. military has admitted the number of hunger striking detainees at guantanamo bay has risen to twenty eight but officials continue to deny allegations that most of the one hundred sixty six people held at the facility are trying to starve themselves to death in protest at the indefinite detention and the military is now making the facts harder to verify as artie's going to chime explains. despair among detainees grows now even their lawyers are denied direct access to them attorneys say they had a visit scheduled for early next week with one of the clients who lost thirty pounds since the strike began at the beginning of february that visit was approved by the military but the attorneys say they'v
poor the obvious that launched in the regions that's these economies themselves so it's. so much much. smaller it's a really dire to school project position at this stage and i think the president mercy's templates it is more probably an attempt castle to egypt if serious it. will leave it there thank you very much and if your thoughts live from on the military thank you. the u.s. military has admitted the number of hunger striking detainees at guantanamo bay has risen to twenty eight but...
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bailout deal that promises to put the small island economy on the path to recovery . emerging powers leaders of the world's major developing economies look to strengthen the global power of the brics a group endorsing plans to create a joint bank at their annual south africa summit. nine am in moscow. good having you with us here on our t.v. our top story begins in london where a post-mortem examination reveals the death of russian self exiled tycoon boris berezovsky was quote consistent with hanging his body found in the bathroom of his u.k. home saturday ease am a nation found nothing to indicate a violent struggle with british police saying there is no evidence to suggest any third party involvement or sour for those more. the thames valley police have released the latest update in the investigation into the death of birth berzinski and they've revealed that the home office pathologist who carried out the post-mortem examination has found that the cools of death is consistent with hanging now there were no signs it said of a violent struggle we know in a previous s
bailout deal that promises to put the small island economy on the path to recovery . emerging powers leaders of the world's major developing economies look to strengthen the global power of the brics a group endorsing plans to create a joint bank at their annual south africa summit. nine am in moscow. good having you with us here on our t.v. our top story begins in london where a post-mortem examination reveals the death of russian self exiled tycoon boris berezovsky was quote consistent with...
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we've invested our money into the economy of cyprus but they could cut us off what are the grounds for that. we have to get out of the euro but we will stay home how they would pay us and our kids. if we don't accept it i would be no development with this and. the. parliament is actually just a few meters from your garden those guys over there beyond the barricades the people who have come out to the streets really want to get their voices heard by the leaders who make their way to parliament to those meetings and come up with solutions for the country and this is a been really a common sight now in many troubled the result nations people coming out to the streets in the past few days many of the people i've spoken to said that the one question on their minds is how is this going to go on we want to know when will that solution finally found reporting for me to see a cyprus i'm just a silly. german chancellor angela merkel appears furious with a plan b. as bumped up by me cause you rejected the levy on bank deposits in parliament she complained of a lack of communication with. i don't
we've invested our money into the economy of cyprus but they could cut us off what are the grounds for that. we have to get out of the euro but we will stay home how they would pay us and our kids. if we don't accept it i would be no development with this and. the. parliament is actually just a few meters from your garden those guys over there beyond the barricades the people who have come out to the streets really want to get their voices heard by the leaders who make their way to parliament...
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spring from which really fragile at the moment but big economies i mean if if their investors are sort of pulling money out of those countries that is significant in that there is a huge probability that it might actually start to happen because we have opened pandora's box right now and we can shut the lid on this now. well we always encourage you to get involved with us here on the stories we're covering on this one for example would like to know what you think about the situation in cyprus if you head over to the website right now you can participate in our latest web poll of course today we're asking you what is next for cyprus now a bad deal is supposedly c.e.o. let's bring up the numbers for you right now for this. the majority now a nearly forty percent saying they'll be a total collapse of trust in just further aggravating the financial crisis. predicting other countries are next in line for a similar bailout deal and now down to about a fifth thinking the terms of the rescue could result in widespread protests well that's already seeming to happen i just. believing that cyprus
spring from which really fragile at the moment but big economies i mean if if their investors are sort of pulling money out of those countries that is significant in that there is a huge probability that it might actually start to happen because we have opened pandora's box right now and we can shut the lid on this now. well we always encourage you to get involved with us here on the stories we're covering on this one for example would like to know what you think about the situation in cyprus...
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these would be the economy to me. and then i look at the housing permits, and i look at the bills, and i look at lennar and i think, boy, the fed has a tough job, just a tough job because a lot of the economy is terrible. employment is not that great but mortgage rates are so low that people are building houses again. they have a tough job. i don't know how they're going to pull it off. >> there's so much data to sift through. it's hard to know what to latch onto. >> let's talk about cyprus. the interest rates were headed higher. if
these would be the economy to me. and then i look at the housing permits, and i look at the bills, and i look at lennar and i think, boy, the fed has a tough job, just a tough job because a lot of the economy is terrible. employment is not that great but mortgage rates are so low that people are building houses again. they have a tough job. i don't know how they're going to pull it off. >> there's so much data to sift through. it's hard to know what to latch onto. >> let's talk...
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Mar 19, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> twitter exploded over a comment about a character in the hugely popular history channel show, "the bible." the character was satan. and the comment was satan looks like the president of the united states. now, the bible is produced by the survivor and voice producer mark burnett and his wife, roma downey. it is, as the name implies, a retelling of the scriptures from genesis to revelation. this weekend, right wing radio host glenn beck tweeted something about the show. quoting beck, quote, anyone else think the devil in "the bible" sunday on history channel looks exactly like that guy? that guy is what glenn beck calls president obama, mainly because he doesn't respect him enough to use his title. according to beck,
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> twitter exploded over a comment about a character in the hugely popular history channel show, "the bible." the character was satan....
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emerging power as leaders of the world's major developing economies look to strengthen the global influence of the brics group indorsing plans to create a joint bank at their annual summit in south africa. noon in moscow as a good having you with us here on r.t. our top story the last ditch belo deal for cyprus may have eased fears of a financial catastrophe but cypriots still feeling the pinch getting harder for them to withdraw money and the central bank has decided to keep all banks on the island close to thursday even then capital flows will be temporarily restricted tests are sillier reports from nicosia frustration among cypriots is a growing. is that at the heart of the deal that cyprus sealed with its international creditors to get that ten billion euro bailout it needs and what will happen to this back essentially is it will be split into pieces and people with deposits of more than one hundred thousand euros that are uninsured will have to take a huge here haircut a lost whatever money they have here for the past week i've been to motional rollercoaster wondering what is going to
emerging power as leaders of the world's major developing economies look to strengthen the global influence of the brics group indorsing plans to create a joint bank at their annual summit in south africa. noon in moscow as a good having you with us here on r.t. our top story the last ditch belo deal for cyprus may have eased fears of a financial catastrophe but cypriots still feeling the pinch getting harder for them to withdraw money and the central bank has decided to keep all banks on the...
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emerging powers leaders of the world's major developing economies look to strengthen the global influence of the brics a group endorsing plans to create a joint bank at their annual summit in south africa. one pm in moscow as a good having you with us here on r t our top story this hour in the cyprus people who remain anxiously waiting for the banks to reopen tuesday but the doors remain closed and all the banks on the island will stay shut till thursday and even then capital flows will be temporarily restricted the last deal may be hailed as a relief by the government and the e.u. but certainly no comfort her for people struggling to withdraw their cash as artie's tessera cilia reports from the capital. at the heart of the seal with its international creditors to get that ten billion euro bailout it needs and what will happen to this back essentially is it will be split into pieces and people with deposits of more than one hundred thousand euros that are uninsured will have to take a huge here haircut and lost whatever money they have here the minister has for the past week or been going
emerging powers leaders of the world's major developing economies look to strengthen the global influence of the brics a group endorsing plans to create a joint bank at their annual summit in south africa. one pm in moscow as a good having you with us here on r t our top story this hour in the cyprus people who remain anxiously waiting for the banks to reopen tuesday but the doors remain closed and all the banks on the island will stay shut till thursday and even then capital flows will be...
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Mar 26, 2013
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to be the global example of democracy or the ability to develop an economy. a couple points i would make. as is always the case, the ability to conduct governmental reforms is just difficult. it is hard. this is a new and assertive legislature. they are boisterous, they are aggressive and assertive. all of these things are positive with respect to where i think the jurors seek to go in afghanistan. this is a young democracy. it is early. the good news is afghanistan since on top of trillions of dollars of natural resources when it comes to strategic minerals, gems, gold, etc. a vast wealth. and we have seen other countries emerge. the national leadership chose to invest and there are countries around the world and people in this room can tip them off pretty quickly. where those early strategic decisions have delivered relatively small countries with greater capacity. especially over time. we might use korea as an example of how we stuck with korea. there is an affordability to mention. we don't need to have the kinds of forces in south korea to preserve north
to be the global example of democracy or the ability to develop an economy. a couple points i would make. as is always the case, the ability to conduct governmental reforms is just difficult. it is hard. this is a new and assertive legislature. they are boisterous, they are aggressive and assertive. all of these things are positive with respect to where i think the jurors seek to go in afghanistan. this is a young democracy. it is early. the good news is afghanistan since on top of trillions of...
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Mar 18, 2013
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i think it goes to the point where most americans are actually focused on jobs and economy, erin. they're not focused on the debt. i think you have that captive sort of republican grass root that is focused on the debt and trimming back federal government. and they've captured the s of republican party. but the vast majority of americans are more focused on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's not the number one issue. >> why, boehner do that? we don't have an immediate debt crisis. you would see that in the market, right? so baner er isboehner is sayin. it is against what he's been saying which is the debt is a problem. why did he do that? >> he said we need to address it over the long term. that means taking steps now. but here's the thing, he is actually opening the possibility that republicans move to more favorable ground because right now the problem is that republicans are emphasizing have been emphasizing root canal economics, only fiscal austerity rather than a more positiv
i think it goes to the point where most americans are actually focused on jobs and economy, erin. they're not focused on the debt. i think you have that captive sort of republican grass root that is focused on the debt and trimming back federal government. and they've captured the s of republican party. but the vast majority of americans are more focused on the economy and creating jobs and building stable middle class than they are on cutting the deficit. yeah, the deficit is an issue. it's...
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and well thirty nine other economies at least and as an expression of how he feels about it they're very unhappy with that we had that so we have type of reaction there from the russian. i mean i've if you can take us bank for a bit if you will because it's been what almost a year in the making that cyprus are bailed out how it was it was nine months ago that cyprus asked for a bailout they asked for seventeen billion euro which is about one hundred percent of g.d.p. . there was a general election so it was during that time a couple of delays at the russian. russia refused to get involved the eurozone wanted to wanted to. foist the cyprus problem on to russia russia said it was eurozone problem anyhow what happened eventually was that we came down to the wire as usual as is the case with pretty much every euro group decision it becomes more of a debacle than a. decision at all five am this morning they come up with ten billion in. bailout which is which is short seven billion less than. last second a last second supposed gesture of being saved but it's massively short of what they'r
and well thirty nine other economies at least and as an expression of how he feels about it they're very unhappy with that we had that so we have type of reaction there from the russian. i mean i've if you can take us bank for a bit if you will because it's been what almost a year in the making that cyprus are bailed out how it was it was nine months ago that cyprus asked for a bailout they asked for seventeen billion euro which is about one hundred percent of g.d.p. . there was a general...
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find out what's really happening to the global economy with. the no holds barred look at the global financial headlines kinds of reports. from moscow boyer's for hunger striking detainees at guantanamo bay claim being denied access to their clients the situation is said to be life threatening is more than one hundred captives of reportedly been starving themselves now for a month and a half u.s. officials have downplayed the allegations though in the scale of the crisis and while president obama has still not kept his promise to close the detention center the military is now asking for money to upgrade the facility. the spokesperson for guantanamo robert do read and responded to our tease inquiry here's what he writes as of friday the twenty second of march twenty third seed we have twenty six hunger strike is with a receiving end to all feeds this is an increase from thursday which was twenty five and eight we have two detainees in the detainee hospital for rehydration an observation or mental feet last time robert during got back to us was la
find out what's really happening to the global economy with. the no holds barred look at the global financial headlines kinds of reports. from moscow boyer's for hunger striking detainees at guantanamo bay claim being denied access to their clients the situation is said to be life threatening is more than one hundred captives of reportedly been starving themselves now for a month and a half u.s. officials have downplayed the allegations though in the scale of the crisis and while president...
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dollars which is very important especially in light of the latest turbulence of the global economy and specially troubled new trouble in the euro zone and analysts say that to the way it's going now is that we could also expect. the forming or the funding of a joint headquarters so brics in the near future that's really interesting stuff. if you talk about this joining of the. mutual bricks bank for that matter you talk about an emergency fund possibly worth two hundred forty billion dollars and i don't know perhaps it's early days yet with the i.m.f. or the e.c.b. be involved in this or indeed just keeping a very close tab on it for that matter this summit completes the first cycle of all member states now hosting they achieved much in this time. of hard to underestimate the importance and the potential off the brics nations first of all the combined population of all the five states nearly three billion people you can truly understand the potential in that also the average g.d.p. growth last year was four percent while in the g seven it was around it was last than one percent and so
dollars which is very important especially in light of the latest turbulence of the global economy and specially troubled new trouble in the euro zone and analysts say that to the way it's going now is that we could also expect. the forming or the funding of a joint headquarters so brics in the near future that's really interesting stuff. if you talk about this joining of the. mutual bricks bank for that matter you talk about an emergency fund possibly worth two hundred forty billion dollars...
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dollars which is very important especially in light of the latest turbulence of the global economy and specially troubled new trouble in the euro zone and analysts say that the way it's going now is that we could also expect. the forming or the funding of a joint headquarters in the near future. and chief emerging markets economist neil sharing says the new joint development bank will become a serious alternative to the establishment we can see this political terms at least it's been a rival to say that well it's going to be able to resize my attitude certainly and i think it's going to be focused mainly on lending to to the developed the developing world. particularly to talk i think the key thing thomas tucker says that although there are very large economies in some ways about that then very different economies china india much larger than russia was in a rush of much china and india perhaps the thing that's behind it all to get past a year or so is that each of us starts to run into really growth growth challenges but i think this is a this can be a thing we see the next five years
dollars which is very important especially in light of the latest turbulence of the global economy and specially troubled new trouble in the euro zone and analysts say that the way it's going now is that we could also expect. the forming or the funding of a joint headquarters in the near future. and chief emerging markets economist neil sharing says the new joint development bank will become a serious alternative to the establishment we can see this political terms at least it's been a rival to...
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the world economy. is now in tax havens people people don't do don't have an easy way to to see how or how how this economy works they should be aware that a lot of rich. companies in and in are some of them which intimately. as a way to minimize taxes so kristoff the billion dollar question why is it that bad money's been locked away in these tax havens it is very clear that for the very rich for the ultra rich who can buy just anything who billionaires that for them taxes are just costs they have their houses apartments real estate all over the globe for them it doesn't matter where they live so for them it matters we don't want to pay taxes and that's why they go anywhere not just to panama and a big difference in tax evasion tax avoidance isn't there what are they doing invent you know these huge investors they are nowadays doing a mix of investments and part of it is highly speculated part of it is in real value economy like car companies graphic risk for example and a part of it is of course in te
the world economy. is now in tax havens people people don't do don't have an easy way to to see how or how how this economy works they should be aware that a lot of rich. companies in and in are some of them which intimately. as a way to minimize taxes so kristoff the billion dollar question why is it that bad money's been locked away in these tax havens it is very clear that for the very rich for the ultra rich who can buy just anything who billionaires that for them taxes are just costs they...
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to merge it could be another small economy struggling with a heavily indebted bank sector. the i.m.f. says that baghdad is increasing among some state run banks let's take a look at this of the bad three of the country's leading banks was fifteen point six percent of their total loans into eleven but that's where they actually rose to twenty point five percent last year now it equates around seven billion the g.d.p. that's twenty percent of the nation's g.d.p. the emerging markets analyst. says so very i may be seeking of the bailout in that the second part of this. the cypriot crisis will have broad based impacts across the eurozone and of course the wider region but one country that stands out in particular. has been standing out as a potential candidate for seeking international bailout for much of the past year and now that we have had the crisis in cyprus form of the proposed bailout and a potential tax on deposits it really creates increases fears of what an international bailout might entail so you want to want to bear in mind going forward as long as it's not shut f
to merge it could be another small economy struggling with a heavily indebted bank sector. the i.m.f. says that baghdad is increasing among some state run banks let's take a look at this of the bad three of the country's leading banks was fifteen point six percent of their total loans into eleven but that's where they actually rose to twenty point five percent last year now it equates around seven billion the g.d.p. that's twenty percent of the nation's g.d.p. the emerging markets analyst. says...